FM affirms Vietnam-Iran trade transactions in line with UNSC resolutions

Hang's statement was made in reply to a reporter's question about information that the US State Department announced it would impose sanctions on Vietnam Gas and Chemical Transport Joint Stock Corporation known as PCT together with the head of this company, with its accusation saying that the PCT had engaged in transportation of petroleum products from Iran on or after November 5, 2018.

“As a responsible member of the United Nations and the international community, Vietnam always strictly abides by resolutions and duly handles violations. Relations between Vietnam and Iran are always open, transparent and legal," the official said.

“Vietnam regrets for the US decision and asks for an early removal of the sanction on the Vietnam Gas and Chemical Transport Joint Stock Corporation, not affecting normal economic activities of Vietnamese and Iranian businesses. The two nations’ transactions are for civilian purposes that serve essential needs of the people and do not run counter to the UN Security Council’s resolutions,” she emphasized.

Regarding the US’s decision to label Vietnam as a currency manipulator, the Foreign Ministry spokeswoman stated, “Over the past 25 years, especially since Vietnam and the US established comprehensive partnership, the two countries have enjoyed robust growth in trade and investment ties. Vietnam respects its trade and economic relations with the US and seriously implements high-level commitments in bilateral trade and other multilateral commitments. The nation has consulted the US candidly to deal with issues for sustainable harmony of mutual interests."

Hang cited the State Bank of Vietnam’s statement on December 17 that the exchange rate management in recent years, which is set out within the framework of the general monetary policy, aims to achieve the consistent goal of controlling inflation and stabilizing the macro-economy. This policy does not set out to create an unfair competitive advantage that Vietnam can enjoy when becoming involved in international trade.